Principal Securities Inc. Acquires 362 Shares of Fox Co. (NASDAQ:FOX)

Principal Securities Inc. increased its holdings in shares of Fox Co. (NASDAQ:FOX) by 51.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,065 shares of the company’s stock after purchasing an additional 362 shares during the period. Principal Securities Inc.’s holdings in FOX were worth $49,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in FOX by 7.5% in the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after buying an additional 671,511 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FOX by 3.1% during the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after buying an additional 92,515 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of FOX by 58.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock valued at $135,890,000 after acquiring an additional 1,095,073 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after acquiring an additional 226,867 shares in the last quarter. Finally, National Bank of Canada FI grew its position in FOX by 212.7% during the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock worth $55,780,000 after acquiring an additional 977,907 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Down 0.8 %

Shares of NASDAQ FOX opened at $52.90 on Friday. The company has a 50 day simple moving average of $48.66 and a 200 day simple moving average of $43.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 1 year low of $25.82 and a 1 year high of $54.58. The firm has a market cap of $23.99 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, research analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s payout ratio is presently 11.56%.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.